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SUN ELECTRIC CORPORATION ANNOUNCES EXPANDED CREDIT FACILITY

 SUN ELECTRIC CORPORATION ANNOUNCES EXPANDED CREDIT FACILITY
 CRYSTAL LAKE, Ill., July 27 /PRNewswire/ -- Sun Electric Corp. (NYSE: SE) announced today that it has signed an agreement with a commercial lender to provide up to $4 million in additional borrowing capacity for the company's United States operations. This credit facility, which is of a 12-month duration, supplements the $10 million facility currently provided by the company's commercial bank.
 The additional financing is intended to satisfy the near-term working capital requirements of the company's United States operations, including production requirements for all of its products. The company and the lender are continuing to negotiate a longer term credit facility designed to retire all outstanding borrowings currently provided by the company's commercial bank and to fund the longer term operating and working capital requirements of the company's United States operations.
 -0- 7/27/92
 /CONTACT: Martin M. Ellen of Sun Electric, 815-459-7700/
 (SE) CO: Sun Electric Corp. ST: Illinois IN: SU:


LR -- NY080 -- 3554 07/27/92 13:19 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
Words:167
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